National Republican., 1887-11-18
The Crime of the treasury Hoard.

EDITOR NATIONAL REPUBLICAN,: The RE-
PUBLICAN has conclusively shown an enor'
nous currency contraction by the present
administration. No trick Of bookkeeping
can conceal this damaging and damuable
fact. But the malevolent force of this fact
is little understood by the people who suffer
from 1t. Even the dullest, however, can
see that the withdrawal Of all money from
circulation would be followed by incalcu-
liable loss and suffering. 1t would stop the
wheels Of industry and smother commerce.
II persisted In and enforced it would drive
the people back into sayagery or provoke
revolution.
To withdraw from circulation proper.
tion OF our already scenty currency supply
invites suffering In that degree. The CON
sequences OF this fatal policy are not seen,
because they are not, In the main, direct
and immediate, but they are not the less
sure. The volume OF the currency is the
vital thing about It. Every bear In Wall
street, whose fortune depends upon
low prices and the wreckipg OF the debtor
class, labors, tolls, and prays for tight
money market. Every such man is using
all his power and influence TO enlarge the
hoard In the treasury at Washington.
Every newspaper that represents the bear
interest, whatever its politics, finds argu-
little the demand OF the business of the
country for more money.
They who lie In wait to enrich themselves
by the mlsfortunes Of enterprise know full
we'll that II the vast sums held by the
treasury were put In circulation these pi-
ractical schemes would be defeated. Three
hundred millions thrown upon the market
would furnish loanable funds, which would
relieve hundreds OF thousands OF debtors
and unemployed laborers. This money put
in circulation by a vast system Of public
works, or loaned out through the states,
would advance the prices Of agricultural
products. The farmers could pay off the
debts which now threaten to reduce one.
half Of their number to the ranks Of labor
ers and renters.
So far In the discussion OF the surplus
little attention seems to have been given
to the condition OF this, the silent suffer-
ing, class, who are fast sinking into poverty
and bankruptcy, not only In the east and
south, but iRthe rich west as we'll
The ignorance about money Is deplorable,
Because Of 1t a successful conspiracy to-day
controls the policy OF the United States
treasury. BY fatuous train of circum.
stances that conspiracy uses the best powers
| OF the government to destroy the useful peo
| pie OF this country. The money Is boarded
solely to make prices low, and to strew the
country with the wrecks OF enterprise,
whereon crew OF pirates may glut theil
greed. Whether personally Innocent by
| ignorance or not, Mr.. Cleveland and his
| Cabinet are the instruments Of this gigantic
robbery which Ia transferring the humble
| gains Of the workingmen of America into
the overloaded Golfers OF the great cities.
The farms are impoverished and the gi.
| gantic fortunes of piratical wretches swell
because the peoples money is snatched
| from them by taxation and held In the re
lentless grip Of the federal treasury. Fol
every million boarded twenty millions o
business are smothered, twenty millions o.
debts remain unpaid, thousand workers
are idle, and thousand debtors will lost
their all
! 1t is the honorable distinction OF the
| NATIONAL REPUBLICAN that 1t has exposed
this great wrong with tireless persistency
| from the beginning, while SO many have
willfully ignored or knowingly justified
this crime of the treasury and its masters II
| Wall street. +. DANIELS.
| WASHINGTON, Nov, IL